Bank futurists seem to coalesce around the same prediction: Technology will take over banking. So banks must get on board, they say, with data mining, artificial intelligence programs and other high-tech services — or they risk their demise. Few people take issue with the premise of this argument. Technology and online banking is, after all,…
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Earlier this year, the Consumer Financial Protection Bureau called for comments on the many issues associated with how consumers share bank account data with third-party companies like Intuit’s Mint or Kabbage. In response, leaders at financial institutions generally expressed concern about potential security breaches while fintech companies generally supported the demands of consumers having access…
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The financial technology revolution, which is being led by entrepreneurs rethinking everything from the way people save to how they apply for a mortgage, has the potential to put consumers in control of their own financial lives — so long as their various financial accounts can work seamlessly together with the third-party app the consumer…
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